Leading Indicators Point to Growth in Most Major OECD Countries

Leading indicators signal improvement in economic growth is likely for most major countries of the Organisation for Economic Growth and Development (OECD) and possibly China, according to OECD's composite leading indicators (CLI). The CLI is "designed to anticipate turning points in economic activity relative to trend," OECD explains.

The CLIs point to above-trend economic growth in Japan, building growth momentum in the U.K. and euro-zone and a positive change in momentum for Canada. The U.S. is expected to see growth around the trend.

In the emerging economies, the CLI indicates a positive moementum change is likely in China while Russia is expected to see growth in line with trend. Brazil and India continue to indicate below-trend growth is likely.